Midpack
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I’m sure he’s wrong, but he keeps telling everyone else the SS breakeven age is 86, where everything I read suggests it’s 81 plus/minus depending on details. He took SS early, as most of my peers did, and unfortunately almost all of them are financially illiterate. I am not trying to embarrass him, or make others regret taking SS early - I just wish I could get him to stop giving others bad information. Now that he’s done it several times, I plan to privately ask him for a source of his breakeven claim, not hopeful but we’ll see.
The only way it could be 86 would be a set of highly unlikely circumstances, such as taking SS early and investing it all in a portfolio with well above average returns - that’s risky at best. I seriously doubt many people take SS early and invest it. And if you can afford to invest it, no reason you couldn’t invest the money starting at any age thru 70.
Yes, I realize there are many very good reasons to take SS before age 70. But a breakeven age of 86 isn’t one of them…
The only way it could be 86 would be a set of highly unlikely circumstances, such as taking SS early and investing it all in a portfolio with well above average returns - that’s risky at best. I seriously doubt many people take SS early and invest it. And if you can afford to invest it, no reason you couldn’t invest the money starting at any age thru 70.
Yes, I realize there are many very good reasons to take SS before age 70. But a breakeven age of 86 isn’t one of them…